FADA Research shows retail tractor sales to be increased in June 2021.
08 Jul, 2021
The growth of retail tractor sales figures has hit another target in the row, in spite of being difficult challenges worldwide and across the nation, the tractor sales of different tractor brands have lifted up with scoring numbers. If this continues and if everything is assumed to be in favour then the tractor industry in the coming few months is expected to grow and groom in the best-case scenario. Here is the complete list of the progress of all the tractor brands, have a look. The share of the giant player in the market that is Mahindra & Mahindra is recorded to be 22.26% with figures like 11,634.
The recent data of the retail sales in June 2021 by Fada in comparison with June 2020, discloses this analysis.
Mahindra & Mahindra marked its retail sales to be 11634 as compared to 11191 of June 2021 AND June 2020 respectively. This accounts for 22.26% of overall market share.
Swaraj tractors have amazing results for retail tractors sales to show up. The June 2021 accounts to be 8440 which is great growth as compared with June 2020 which is 7164 with a percent of 16.15 % share in the market.
International tractors have also geared by the retail sales number that is 6687 which is an increment to 4999 with a market share percentage of 12.8%. When companies see the growth they see better prospects of marketing and sales in it which might help them to leverage their sales ratio comparatively more, every time.
TAFE (Massey Ferguson and Eicher) limited shows 6468 and 6646 units of tractor sales in the months of June 2021 and June 2020, an increase in market share by 12.38%. Hopefully, the company will get its functional growth boosted in the upcoming months too.
John Deere has given another surprising retail sales figure as the increase in market share is followed by just 7.34%. The figures for June 2021 is 3838 and June 2020 is 3534.
Eicher tractors have given out 3075 and 2631 tractors retail sales in June 2021 and June 2020, respectively. Eicher tractors marked its share in the market for the following year by 5.88%.
Kubota has sold out 796 in the year June 2021 and 758 in the year June 2020 that is again 1.52%. With the market forces prevailing, the company sees a better future.
Other companies have also shown great results in retail sales for at least managing to revive some extent of profits out of it. But, exceptionals are always there and as said by Force Motors and V.S.T. have unexpectedly got a decline to its retail sales figure which is quite pinching for the company.
Hence, these companies are having great figures to show up for the retail sales of 2021 and 2020 June, respectively. Thus, the tractor sales of this year have shown a better sun of growth that has instilled new hopes of marking the year 2021 as more prosperous and growth-driven.
1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
2. Vechile Retail Data has been collated as on 06.07.21 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,295 out of 1,498 RTOs.
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